FAQ Blog Calculators Students Logbook Contact


Income

Definition of Income

In general terms, income is the money or a smilar benefit you earned during the tax year.

In tax terms, income is the total gross income you earned during the tax year less "exempt income".

Exempt income is income which is not taxed e.g. local dividends and donations received.

Please also see the following related definitions: Gross income and taxable income.


TaxTim can help you file your Tax return!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started